Help With Self-Employment
We are trained to assist in finding training courses, volunteering opportunities, and to set up in self employed business (see below).
New Enterprise Allowance (NEA)
If you have an idea for becoming self employed then the New Enterprise Allowance scheme may be for you.
You can be referred by the JobCentre if you are on Jobseeker's Allowance, Employment Support Allowance (if you’re in the work-related activity group) if you are on Income Support as a lone parent or if you are on Universal Credit. You can be referred as soon as you get a qualifying benefit.
You need to have a good idea of how your business idea will work, and especially you need to be able to explain how it will provide sufficient income to cover all expenses and also your own living costs as well.
When you have been referred you will be contacted by an NEA business advisor and following a conversation about your background and your business idea you may be taken onto the NEA programme immediately, or you may be given advice about further preparation you need to do before being referred again in the future.
The NEA scheme has several ways to support you:
- You will be helped to create a business plan. This has to be approved showing that a viable business can be started before you can get financial support.
- You will be assigned a business mentor who can give you useful advice and support. Mentors are volunteer business people who give their expertise to help NEA clients.
- When you start trading, your benefit will stop, but you will receive an NEA weekly amount, currently £65.00 per week for the first 3 months, then £33.00 per weeks for the next 3 months.
- A loan facility of up to £2500.00 at 6.2% apr interest is available if needed to help you start your business.
- NEA support continues for 26 weeks after you start trading.
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